African Business News

Kenya launches national trade policy to boost forex earnings

Kenya on Monday launched a National Trade Policy that aims to boost the country’s foreign exchange earnings, a senior official said Monday.

The new policy adds impetus to the robust trade policy reforms that the country has pursued under regional and multilateral trade arrangements.

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East Africa containerised trade volumes grow 1% Q1 2017

The 2017 First Quarter East Africa Trade Report issued by Maersk Line Eastern Africa - a member of A.P. Moller-Maersk - reveals that aggregate trade levels in the region have improved slightly since 2016, resulting in overall year-on-year growth of 1%.
According to the company's MD, Steve Felder, in line with what was reported last year, there continues to be a noticeable disparity in performance between the two core trade corridors of East Africa.

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Morocco’s Current Account Situation Positive Despite Rising Energy Imports: BMI

“Morocco’s current account deficit widened to 4.4% of GDP in 2016, up from 2.1% of GDP in 2015, amid rapidly rising imports and sluggish exports. We now forecast the current account deficit to shrink to 3.5% of GDP in 2017 and 3.3% in 2018, benefiting from the recovery of key exports sectors,” reads the report.

Sector-Wide Export Growth

Export growth is rising in Morocco.

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How can countries grow intra-Africa trade?

In the midst of rising trade protectionism among advanced western economies, African countries must work to sustain ongoing efforts to achieve structural transformation of African economies and enhance their integration into the global economy.

African and global trade experts said this at the just concluded meeting of the African-Export-Import Bank (Afreximbank) in Kigali.

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